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Part 7: Securities Fraud: When "good" Investments Disappear The nest egg stories Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.
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Latest Studies Link E-Cigarette Vaping to Heavy Metal Lung DiseaseSanta Clara, CARecent studies are ramping up the dangers of vaping e-cigarettes. For more than five years, researchers have found that e-cigarette vaping causes physical harm, including chemical burns to lung tissue, toxic metal exposure and vitamin E oil that clogs lungs--all causing serious damage.
Uber Likely to Dodge “Existential Threat” Posed by Driver Misclassification Lawsuit – AgainSan Francisco, CA “How can you approve the settlement when the underlying contract is illegal?” Uber driver, S. Patrick Mendel’s question to the Northern District of California last spring rings with frustration. Judge Chen acknowledged as much: “This case did not resolve the ultimate question” for drivers who claim they were misclassified as independent contractors under provisions of California labor law. The result is unlikely to change following Mendel’s renewed, and probably last, round of objections to the Ninth Circuit in November.
Will Juul Go Up in Smoke?Los Angeles, CA Along with cities and states nationwide hitting the electronic-cigarette manufacturer Juul with tougher restrictions, the L.A. Unified School District and other school systems have slammed the vaping giant with class action lawsuits claiming toxic vapes from e-cigarettes are health hazards and could be killing their kids.
Dignity Health ERISA Lawsuit Inches Toward $100 Million SettlementOakland, CA The Dignity Health ERISA lawsuit has been exhaustively litigated since 2013, but now appears close to settlement. The proposed settlement in
Rollins v. Dignity Health, which still requires final approval by the Northern District of California, would require Dignity Health to add $50 million in retirement plan funding in 2020 and at least $50 million in 2021. In addition, Dignity Health must not reduce participants’ accrued benefits because of a plan merger or amendment for 10 years. Dignity Health has also promised to fund the plan until 2024, making the minimum contribution recommended by actuaries to the plan.
Monsanto Banned from Hawaii – And How Dangerous is Methyl Parathion?Maui, HI— A sign on a Maui road reads “Monsanto Evil Seed of Corporate Greed.” As for Monsanto’s advertisements such as “It Begins with a Farmer,” illustrated with healthy tillers of the soil and carrying messages such as “A Mother’s Love Begins with a Farmer,” it seems like many people in Hawaii aren’t buying into it.
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